The Option of an Oil Tax to Fund Transportation and Infrastructure - Keith Crane

The Option of an Oil Tax to Fund Transportation and Infrastructure

By Keith Crane

  • Release Date: 2011-02-22
  • Genre: Law
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Federal spending on surface-transportation infrastructure outpaces federal taxes on gasoline and diesel fuel. Increasing fuel efficiency means that fuel-purchase expenditures have dropped, so real revenue generated from these taxes has declined. A percentage tax on crude oil and imported refined-petroleum products consumed in the United States could fund U.S. transportation infrastructure.

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